The fabric filters market size is expected to grow from USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period. The major driving factors for the market are stringent regulations governing emission and treatment of industrial effluents, need for a safe working environment in major manufacturing sites, and the growing manufacturing sector in Southeast Asia.
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The major players in the market include Ahlstrom-Munksjo (Finland), Lydall, Inc. (US), Valmet (Finland), Freudenberg Filtration Technologies (Germany), Kimberly-Clark (US), Clear Edge (US), Fibertex Nonwovens (Denmark), Hollingsworth & Vose (US), Johns Manville (US), Sefar AG (Switzerland), 3M (US), American Fabric Filter (US), APC Filtration (Canada), Autotech Nonwovens (India), Berry Global, Inc. (US), Donaldson Filtration Solutions (Ireland), Eagle Nonwovens Inc. (US), Irema Ireland (Ireland), MANN+HUMMEL (Germany), Norafin Industries (Germany), Nordic Air Filtration (Denmark), Sandler AG (Germany), Schweitzer-Mauduit International, Inc. (Georgia), and TWE group (Germany).
These players have adopted various growth strategies, such as new product launch, investment & expansion, and merger & acquisition to further expand their presence in the market. Investment & expansion and merger & acquisition have been the leading strategies adopted by the major players from 2015 to 2019, to strengthen their competitiveness and broaden their customer base in the global fabric filters market.
Ahlstrom-Munksjo (Finland) is focusing on the expansion of its business to maintain its leading position in the fabric filters market. For example, the company acquired the land next to its Louveria (Brazil) plant for the expansion of its manufacturing capacity of filtration media. This expansion has helped Ahlstrom-Munksjo cater to the growing demand for filtration media in South America.
Lydall, Inc. (US) is progressing in the market by providing specialty engineered filtration media for various industries, such as power, cement, steel, asphalt, incineration, mining, food, HVAC, and pharmaceutical. In July 2018, Lydall acquired the Precision Filtration division of Precision Custom Coatings (US). Precision Filtration is a producer of air filter media that mainly serves commercial and residential HVAC markets. This acquisition enhanced Lydall’s air filtration media product portfolio.
Fabric filter is a filtration media used for the separation of pollutants and other harmful substances for several industrial applications. The fabric filters market is expected to witness high growth during the forecast period owing to strict environmental regulations to reduce air and water pollution. Filtration systems are an integral part of the industrial sector as they help produce high-quality products for consumers. MarketsandMarkets projects the global fabric filters market to grow from USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.4% between 2019 and 2024.
Air filter media is the faster-growing segment of the market. Nonwoven fabrics have the highest demand among the types of air filter media owing to their high strength, versatile structure, and good absorbency properties.
Food & beverage is the fastest-growing end-use industry of fabric filters owing to the strict regulations and norms related to disinfection and purification of water. Fabric filters are used for both air and liquid filtration processes in this industry. Filtration helps remove impurities, protect the taste of the food, extend the shelf life of the food products, and enhance the production of high-quality products.
APAC is the fastest-growing market for fabric filters. The high demand from the food & beverage industry is due to the rapidly increasing population, and industrialization in the emerging economies such as China and India. Stringent government regulations regarding environmental pollution are expected to be favorable for the growth of the overall fabric filters market.